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Marine Science
INCOIS 26th Foundation Day
INCOIS launched Hilsa fishing advisories on its 26th Foundation Day. Operating under the Ministry of Earth Sciences, INCOIS provides ocean information services including tsunami warnings, ocean state forecasts, and marine fishery advisories, supporting both disaster management and sustainable fishing practices.
Peace & Diplomacy
World Peace Center – Gurugram
India’s first World Peace Center inaugurated in Gurugram, Haryana. This facility promotes dialogue, conflict resolution, and peace-building initiatives, positioning India as a proactive contributor to global peace efforts and serving as a hub for international peace conferences.
Wildlife Conservation
Vantara Center Launch
PM Modi inaugurated Vantara, a state-of-the-art animal rescue, conservation, and rehabilitation center. The facility focuses on rescuing distressed animals, providing medical care, rehabilitation, and conservation breeding for endangered species, advancing India’s wildlife protection efforts.
State Finance
Jharkhand Budget 2025-26
Jharkhand government presented ₹1.45 lakh crore budget for FY 2025–26. The budget allocates resources for tribal welfare, mining sector regulation, rural development, education, healthcare, and infrastructure in this mineral-rich state.
International Politics
Uruguay’s New President
Yamandú Orsi sworn in as Uruguay’s President on March 1, 2025, bringing the center-left Broad Front (Frente Amplio) coalition back to power after five years. This marks a political shift in Uruguay’s governance after the previous center-right administration.
Monetary Policy
₹2000 Notes Withdrawal Success
98.18% of ₹2000 notes returned to banking system per RBI data. The withdrawal aimed to streamline currency management as these high-denomination notes introduced post-demonetization had served their purpose. The high return rate indicates successful public compliance.
Space Science
Aditya-L1 Solar Discovery
Aditya-L1 captured first-ever image of solar flare ‘kernel’ – the core region where solar flares originate. This groundbreaking observation aids space weather prediction, crucial for protecting satellite communications, GPS systems, and power grids from solar storms.
Global Peace
Disarmament Awareness Day
International Disarmament and Non-Proliferation Awareness Day (March 5) promotes awareness about disarmament and non-proliferation of weapons of mass destruction. The UN-recognized day encourages international cooperation for global peace through arms control treaties.
Industry Leadership
CII Delhi Chairman Appointment
Rikant Pittie appointed CII Delhi Chairman for 2025–26, becoming the first unicorn co-founder to hold this position. As co-founder of 99acres (Info Edge portfolio), his appointment reflects CII’s recognition of digital entrepreneurship and startup ecosystem contributions.
Marine Research
INCOIS – Ministry Structure
INCOIS operates under Ministry of Earth Sciences alongside NIO (National Institute of Oceanography), NCPOR (National Centre for Polar and Ocean Research), and IITM (Indian Institute of Tropical Meteorology). Together, these institutes advance India’s ocean and atmospheric research capabilities.
🎴 Revision Flashcards
Click each card to flip and test your recall
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What services did INCOIS launch on its 26th Foundation Day?
Hilsa Fishing Advisories
Supporting sustainable fishing with migration pattern data
Tap to Reveal
What is Jharkhand’s budget for FY 2025-26?
₹1.45 lakh crore
Focus on tribal welfare and mineral-rich state development
Tap to Reveal
Who became President of Uruguay on March 1, 2025?
Yamandú Orsi
Brought Broad Front coalition back to power
Tap to Reveal
What percentage of ₹2000 notes returned to banks?
98.18%
High compliance with RBI’s withdrawal of high-denomination notes
Tap to Reveal
What did Aditya-L1 capture for the first time?
Solar flare ‘kernel’ image
Core region where solar flares originate
Tap to Reveal
When is International Disarmament Day observed?
March 5
Promotes awareness about arms control and non-proliferation
Tap to Reveal
Who is CII Delhi Chairman for 2025-26?
Rikant Pittie
First unicorn co-founder (99acres) in this role
Tap to Reveal
What is the purpose of Vantara center?
Animal Rescue and Conservation
State-of-the-art rehabilitation center inaugurated by PM Modi
Think & Discuss
High-Denomination Currency: Economic Tool or Black Money Facilitator?
Context from today’s quiz: 98.18% of ₹2000 notes have returned to the banking system following RBI’s withdrawal decision. These high-denomination notes were introduced after demonetization in 2016 but are now being phased out as they’ve served their purpose. This raises broader questions about the role of high-denomination currency in modern economies – while they facilitate large transactions and reduce printing costs, critics argue they enable tax evasion, black money hoarding, and illicit activities.
🤔 Your Perspective Matters
Many advanced economies have eliminated or never introduced very high-denomination notes. The European Central Bank stopped producing €500 notes in 2019 due to concerns about their use in illegal activities. India’s experience with demonetization and now the withdrawal of ₹2000 notes reflects ongoing tensions between cash convenience and financial transparency. Meanwhile, digital payments are rapidly growing, potentially reducing the need for high-value currency altogether.
Should India permanently discontinue high-denomination notes (₹500 and above) and accelerate the shift to digital payments, or do high-value notes serve legitimate economic functions that justify their continuation?
Should India permanently discontinue high-denomination notes (₹500 and above) and accelerate the shift to digital payments, or do high-value notes serve legitimate economic functions that justify their continuation?
- Would eliminating high-denomination notes effectively curb black money and corruption, or would illicit wealth simply shift to alternative stores of value like gold, cryptocurrency, or foreign currency?
- How can India balance the push for digital payments with the reality that millions of citizens, particularly in rural areas and among elderly populations, still rely heavily on cash transactions and may lack digital literacy or smartphone access?
- Given that 98.18% of ₹2000 notes returned peacefully, does this suggest that most high-denomination currency use is legitimate, or does it simply mean that holders found ways to convert their holdings without scrutiny?
We’d love to hear your thoughts! Share your perspective in the comments.
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